Organic Growth
Organic growth refers to the expansion of a company through internal efforts, focusing on increasing output and sales generated from existing business operations, rather than through mergers or acquisitions.
It typically involves strategies such as enhancing product offerings, improving customer service, optimizing Marketing strategies, and expanding into new markets.
Examples:
- Case Study: Starbucks – Starbucks has achieved organic growth by opening new stores in existing markets and enhancing customer experience through loyalty programs.
- Case Study: Apple – Apple focuses on organic growth by innovating new products like the iPhone and iPad while expanding its services like Apple Music and iCloud.